Art2action Inc

Analysis

Art2action Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Art2action Inc reported income of $415k and spending of $329k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $126k to $415k (+230%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 107%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art2action Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Institute for Population Health Sciences ($415k), Bloomsburg Public Library ($415k) and German American Society of Central Florida Education Association ($415k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $133k (41% of expenses). At year end it held assets of $446k against liabilities of $5,182, net assets of $441k. It reported 2 employees.